Hebrew Home For The Aged
- Assets
- $194.7m
- Revenue
- $119.4m
- Investments
- $22.8m
- Employees
- 784
- Location
- Bronx, NY
- Founding
- 11/1937
- Data as of
- 12/2022
- EIN
- 13-1739971
Organization Overview
Hebrew Home For The Aged, operating under the name Hebrew Home at Riverdale, is located in Bronx, NY. The organization was established in 1937. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 12/2022, Hebrew Home at Riverdale employed 784 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Home at Riverdale is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hebrew Home at Riverdale generated $119.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $115.0m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LONG TERM RESIDENTIAL HEALTHCARE, SHORT TERM REHAB, ASSISTED LIVING, AND ALZHEIMER'S CARE FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEBREW HOME OPERATES A NURSING AND REHABILITATION CARE CENTER FOR 669 ELDERLY RESIDENTS. THE HOME PROVIDED 191,056 BED DAYS OF NURSING FACILITY CARE FOR THE YEAR ENDED 12/31/22.
CERTIFIED HOME HEALTH AGENCY WHICH HAD 42,262 VISITS FOR 2022.
THE HOME'S ASSISTED LIVING PROGRAM PROVIDES ITS 36 RESIDENTS WITH COMFORTABLE APARTMENTS ALONG WITH CLINICAL AND SUPPORT SERVICES TO MAINTAIN THEIR HIGHEST LEVEL OF INDEPENDENCE ON ITS 32 ACRE CAMPUS. THE APARTMENTS, DECORATED WITH DESIGNER FURNISHINGS, OFFER AN ARRAY OF DAILY SERVICES AND AMENITIES TO HELP RESIDENTS WITH THE ASSISTANCE THEY MAY NEED. THESE INCLUDE: NURSING AND MEDICAL SERVICES, SOCIAL, RECREATIONAL AND CULTURAL ACTIVITIES, DAILY SERVICE OF THREE KOSHER MEALS, AS WELL AS PERSONAL CARE SERVICES TO ASSIST WITH DRESSING, BATHING AND GROOMING, HOUSEKEEPING AND LAUNDRY SERVICES ROUND OUT A HOME-LIKE LIVING EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Reingold President, CEO | Officer | 1 | $0 |
David Pomeranz Chief Operating Officer | Officer | 1 | $0 |
Luz Liebeskind Cfo/asst. Secretary/treasurer | Officer | 1 | $0 |
Zachary J Palace Medical Director | 35 | $318,385 | |
Ann Marie Hennessy Qi And Risk Management | 35 | $232,473 | |
Mojdeh Rutigliano VP - Nursing Services | 35 | $236,665 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1199 National Benefit Fund Labor Management | 12/30/22 | $5,317,062 |
Affinity Rehabilitation Llp Rehabilitation | 12/30/22 | $6,686,347 |
Nexdine Food Services | 12/30/22 | $11,652,479 |
Prime Staffing Staffing | 12/30/22 | $2,014,548 |
The Bank Of New York Mellon Mortgages | 12/30/22 | $4,533,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,202,466 |
| Government grants | $11,051,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,520,733 |
| Noncash contributions included in lines 1a–1f | $550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,774,590 |
| Total Program Service Revenue | $80,777,903 |
| Investment income | $303,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,447,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $864,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,544,300 |
| Pension plan accruals and contributions | $3,975,338 |
| Other employee benefits | $11,554,885 |
| Payroll taxes | $2,774,311 |
| Fees for services: Management | $3,580,294 |
| Fees for services: Legal | $321,512 |
| Fees for services: Accounting | $607,809 |
| Fees for services: Lobbying | $189,997 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151,821 |
| Fees for services: Other | $17,655,640 |
| Advertising and promotion | $34,687 |
| Office expenses | $7,922,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,956,368 |
| Travel | $93,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,045 |
| Interest | $714,899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,872,621 |
| Insurance | $1,039,585 |
| All other expenses | $0 |
| Total functional expenses | $114,951,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,005,999 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,990,949 |
| Accounts receivable, net | $24,527,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,131,139 |
| Prepaid expenses and deferred charges | $1,722,522 |
| Net Land, buildings, and equipment | $100,788,603 |
| Investments—publicly traded securities | $6,057,766 |
| Investments—other securities | $22,762,898 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,713,422 |
| Total assets | $194,700,407 |
| Accounts payable and accrued expenses | $30,546,918 |
| Grants payable | $0 |
| Deferred revenue | $295,084 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $441,825 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $47,043,815 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,644,996 |
| Total liabilities | $111,972,638 |
| Net assets without donor restrictions | $67,814,328 |
| Net assets with donor restrictions | $14,913,441 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $194,700,407 |
Grants Awarded
Over the last fiscal year, Hebrew Home For The Aged has awarded $1,269,615 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE HEBREW HOME FOR THE AGED AT RIVERDALE FOUNDATION INC PURPOSE: TRANSFER OF GIFTS TO THE FOUNDATION. | $1,197,987 |
HUDSON HOUSE HOUSING DEVELOPMENT FUND COMPANY INC PURPOSE: TO FUND EXPENSES | $71,628 |